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Is Balchem (BCPC) Stock Outpacing Its Basic Materials Peers This Year?
ZACKS· 2024-11-15 15:46
Core Insights - Blachem (BCPC) has shown strong year-to-date performance, returning approximately 18.9%, significantly outperforming the Basic Materials sector, which has returned an average of -4.6% [4] - The Zacks Rank for Blachem is 2 (Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings outlooks [3] - Blachem belongs to the Chemical - Specialty industry, which has an average year-to-date loss of 13.7%, further highlighting its strong performance relative to peers [6] Company Performance - Blachem's full-year earnings consensus estimate has increased by 5.7% over the past three months, reflecting stronger analyst sentiment [4] - The stock is currently ranked 14 in the Zacks Sector Rank, which includes 235 companies in the Basic Materials group [2] Industry Comparison - L.B. Foster (FSTR), another outperforming stock in the Basic Materials sector, has returned 8.1% year-to-date, with a Zacks Rank of 2 (Buy) [5] - The Steel - Producers industry, to which L.B. Foster belongs, has experienced a year-to-date decline of 19.2%, indicating a challenging environment compared to Blachem's performance [7]
Blachem (BCPC) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2024-11-01 17:01
Core Viewpoint - Blachem (BCPC) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system highlights the strong correlation between changes in earnings estimates and near-term stock price movements, making it a valuable tool for investors [2][3]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to price movements based on their buying or selling activities [3]. Business Improvement Indicators - The upgrade in Blachem's rating suggests an improvement in the company's underlying business, which is expected to be reflected in higher stock prices [4]. - Blachem is projected to earn $4.09 per share for the fiscal year ending December 2024, marking a year-over-year increase of 22.1% [7]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - Blachem's upgrade places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9].
Balchem Corporation to Present at Baird's 54th Annual Global Industrial Conference on November 13, 2024
GlobeNewswire News Room· 2024-11-01 11:00
MONTVALE, N.J., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ: BCPC), a global specialty ingredient manufacturer for health and nutrition markets, announced they will present at Baird’s 54th Annual Global Industrial Conference on November 13, 2024. Ted Harris, Chairman of the Board, President and Chief Executive Officer, Martin Bengtsson, Chief Financial Officer and Allison Baurichter, Senior Director Investor Relations will present at the conference. About Balchem Corporation Balchem Corpor ...
Balchem's Q3 Shows Record Earnings And Valuation Pressure
Seeking Alpha· 2024-10-28 14:00
Group 1 - The mission of Grassroots Trading is to provide objective, unbiased, and balanced research, focusing on small- to mid-cap companies while also identifying opportunities in large- and mega-cap companies [1] - Grassroots Trading aims to offer compelling points of view on often overlooked investment opportunities for Seeking Alpha investors [1] - The research is backed by solid data and is free from emotional influences or preferences for specific companies [1] Group 2 - The article emphasizes that past performance is not indicative of future results, and no specific investment recommendations are provided [3] - It is noted that the analysts involved may not be licensed or certified by any regulatory body, highlighting the independent nature of the analysis [3] - Seeking Alpha does not act as a licensed securities dealer, broker, or investment adviser, indicating a focus on providing diverse opinions rather than formal investment advice [3]
Balchem(BCPC) - 2024 Q3 - Earnings Call Transcript
2024-10-25 21:30
Balchem Corporation (NASDAQ:BCPC) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Martin Bengtsson - Chief Financial Officer Ted Harris - Chairman, President and Chief Executive Officer Conference Call Participants Robert Labick - CJS Securities Raghuram Selvaraju - H.C. Wainwright & Co Kyle May - Sidoti and Company Operator Greetings, and welcome to the Balchem's Third Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode. A question-and-answ ...
Balchem(BCPC) - 2024 Q3 - Quarterly Report
2024-10-25 18:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number: 1-13648 _____________________________________________________________________________________________________________ ...
Blachem (BCPC) Matches Q3 Earnings Estimates
ZACKS· 2024-10-25 13:11
Blachem (BCPC) came out with quarterly earnings of $1.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this chemical company would post earnings of $0.95 per share when it actually produced earnings of $0.98, delivering a surprise of 3.16%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Blachem, which belongs to the Z ...
Balchem(BCPC) - 2024 Q3 - Quarterly Results
2024-10-25 11:42
Exhibit 99.1 5 Paragon Drive Montvale, NJ 07645 p.845.326.5600 f. 845.326.5702 Human Nutrition & Health | Animal Nutrition & Health | Specialty Products Balchem Corporation Reports Third Quarter 2024 Financial Results Third Quarter 2024 Financial Highlights: Recent Highlights: Montvale, NJ, October 25, 2024 - Balchem Corporation (NASDAQ: BCPC) reported today financial results for its 2024 fiscal third quarter ended September 30, 2024. For the quarter, the Company reported net sales of $239.9 million, net ea ...
Balchem Corporation Reports Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-10-25 11:00
MONTVALE, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ: BCPC) reported today financial results for its 2024 fiscal third quarter ended September 30, 2024. For the quarter, the Company reported net sales of $239.9 million, net earnings of $33.8 million, adjusted EBITDA(a) of $64.4 million, and free cash flow(a) of $42.2 million. Ted Harris, Chairman, President and CEO of Balchem said, “We delivered strong third quarter financials with solid revenue growth and record earnings from opera ...
Balchem Corporation Announces Quarterly Conference Call for Third Quarter Financial Results on October 25, 2024
GlobeNewswire News Room· 2024-10-11 11:00
MONTVALE, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ: BCPC) today announced that a conference call will be held on Friday, October 25, 2024, at 11:00 AM Eastern Time (ET) to review third quarter results. Ted Harris, Chairman of the Board, President and CEO, and Martin Bengtsson, CFO, will host the call. Third quarter results will be published prior to the market opening on Friday, October 25, 2024. The press release, and its accompanying financial exhibits, will also be available on ...